Arona: Difference between revisions

In [[1979]], Arona adopted the [[Taler]] as its currency. For the early portion of its history, Arona issued its own currency, the Vallosi Florin (VF), which was intended to be pegged at a value of one tenth that of the taler and took the form of a {{wp|banknote}}. For most of its history, Arona struggled to require the specie reserves necessary to support the value of the VF, leading to great fluctuation and periods of {{wp|hyperinflation}} of its value. In [[1936]], in the midst of the [[Second Great War]], the Aronese government switched to a {{wp|fiat currency}}. This inaugurated the last great period of hyperinflation but had the intended effect of stabilizing the currency somewhat. By [[1950]], a single VF was worth one fiftieth of a taler, or about two cents. As the relationship with Urcea continued and relations with [[Burgundie]] and [[Equatorial Ostiecia]] greatly improved in the 1940s and 50s, adoption of the taler became an important political issue. With agreement from the [[Levantine Union]] and after a decade-long political battle, Arona began its eight-year transition to the taler in [[1971]].